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United Malacca BhdXKLS:2593 -1.32%82 Net Current Asset Value is RM0.79 as of Apr. 2026, which is 100% below its 10-year median of 18.60. GuruFocus rates XKLS:2593 with a GF Score™ of 82/100 and a GF Value™ of RM6.64 (Modestly Undervalued). Among 1,052 Consumer Packaged Goods companies, United Malacca Bhd ranks worse than 71.1% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
United Malacca Bhd's net current asset value per share for the quarter that ended in Apr. 2026 was RM0.79.
The historical rank and industry rank for United Malacca Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:2593'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.48 Med: 18.6 Max: 29.71
Current: 7.59
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of United Malacca Bhd was 29.71. The lowest was 7.48. And the median was 18.60.
XKLS:2593's Price-to-Net-Current-Asset-Value is ranked worse than 71.1% of 1052
companies
in the Consumer Packaged Goods industry
Industry Median: 4.18
vs XKLS:2593: 7.59
United Malacca Bhd (XKLS:2593) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
United Malacca Bhd Net Current Asset Value Related Terms
United Malacca Bhd Net Current Asset Value Historical Data
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The historical data trend for United Malacca Bhd's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:2593 vs ADM, BG, TSN: Net Current Asset Value Comparison
For the Farm Products subindustry, United Malacca Bhd's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
United Malacca Bhd Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, United Malacca Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where United Malacca Bhd's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of RM0.79 mean?
United Malacca Bhd (XKLS:2593) has a Net Current Asset Value of RM0.79 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on United Malacca Bhd and its competitors. This is 96% below median its historical median of 18.60. Over the past decade, United Malacca Bhd's Net Current Asset Value has ranged from 7.48 to 29.71. According to the industry distribution chart, United Malacca Bhd ranks #748 out of 1052 companies in the Consumer Packaged Goods industry, placing it in the top 71.1%.
Is United Malacca Bhd's Net Current Asset Value too high?
United Malacca Bhd's current Net Current Asset Value of RM0.79 is 96% below median its 10-year median of 18.60. Over the past 10 years, this metric has ranged from a low of 7.48 to a high of 29.71. Based on the distribution chart, United Malacca Bhd ranks #748 out of 1052 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, United Malacca Bhd has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Malacca Bhd's Net Current Asset Value compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, United Malacca Bhd ranks #748 out of 1052 companies for Net Current Asset Value. This places United Malacca Bhd in the lower half of its industry. The industry median Net Current Asset Value is 4.18. Historically, United Malacca Bhd's own Net Current Asset Value has ranged from 7.48 to 29.71 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.18, based on 1,052 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on United Malacca Bhd and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Malacca Bhd's current Net Current Asset Value is RM0.79, which is 96% below median its own 10-year median of 18.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Malacca Bhd stock overvalued right now?
Based on GuruFocus' analysis, United Malacca Bhd (XKLS:2593) is currently considered Modestly Undervalued. The stock's GF Value™ is RM6.64, compared to a current price of RM6.00 — trading 9.6% below its estimated fair value. The current Net Current Asset Value is RM0.79, which is 96% below median its 10-year median of 18.60. United Malacca Bhd's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For United Malacca Bhd (XKLS:2593), the current Net Current Asset Value is RM0.79 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is United Malacca Bhd (XKLS:2593) Overvalued in 2026?
Based on GuruFocus' analysis, United Malacca Bhd stock appears to be undervalued.
The current stock price of RM6.00 is trading 9.6% below its estimated GF Value™ of RM6.64.
GuruFocus considers United Malacca Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2593:
Net Current Asset Value: RM0.79 (96% below median its 10-year median of 18.60)
GF Value™: RM6.64 vs. price of RM6.00 (9.6% below fair value)
No single metric tells the full story. See the XKLS:2593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Malacca Bhd is a Malaysia based oil palm cultivation company. The company's operating segment includes Plantation which includes cultivation of oil palm and palm oil milling and Investment holding. It generates maximum revenue from the Plantation segment. Geographically, it derives a majority revenue from Malaysia and also has a presence in Indonesia.
82GF Score
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